•GUIDA ECONOMIA 07-08 - Università degli studi di Udine

232 prospectus udine
riskless asset. Extension to markets with
n risky stocks and one riskless asset.
Measures of risk for portfolios. Riskexpected
return relationships for the
single investor. Market equilibrium and
market portfolio. Volatility (beta) with
reference to the market portfolio. Separation
theorem and choices of investors
under equilibrium conditions. The efficient
frontier under equilibrium (the
Capital Market Line). The Security Market
Line. Price of time and price of risk.
The Sharpe model (Single Index Model).
Multi-index model. Risk-expected return
relationships under no-arbitrage conditions
instead of equilibrium (APT by
Ross). Optimal portfolio selection with
reference to a benchmark portfolio (Roll
model).
Biblography
Recommended reading
Lecture notes.
- F. PRESSACCO, P. STUCCHI, Lezioni di
Matematica Finanziaria, Forum, Udine,
1996.
Further reading
- J. ELTON, J. GRUBER, Modern Portfolio
Theory and Investment Analysis, Wiley
(chs. 2, 3, 8, 11).
Contents
The core of the course is dedicated to the
study of the Civil code, and particularly:
- the First Book of the Civil Code (physical
and juridical persons);
- the Third Book (goods, property law,
other rights on things);
- the Fourth Book (obligations and their
sources: contracts, negotiable instruments,
unilateral promises, unjust
enrichment, torts);
- the Fifth Book (basic notion on enterprise
and companies);
- the Sixth Book (proof, law of limitation).
Bibliography
Reading list
- G. IUDICA, P. ZATTI, Linguaggio e regola
del diritto privato, latest edition, Cedam,
Padova.
- The Italian Civil Code; recommended G.
DE NOVA (ed.), Zanichelli, Bologna, 2007, or
P. SCHLESINGER (ed.), Cedam, Padova, 2007.
Other materials
- P. CENDON, L. GAUDINO, P. ZIVIZ, Come
affrontare e superare l’esame di diritto privato,
Giuffrè, 2007.
- Other materials will be made available
on the university web site before the
beginning of the course.
PRIVATE LAW AND CONTRACT LAW
(CdL BE, EBA and CdL BF, EC, SCSBM)
Prof. Luigi Gaudino
Aims
This course aims to provide the student
with a basic knowledge of the fundamental
concepts of private law as the most
important instrument for economic relations,
especially in the field of contracts.
In order to reach this goal, the course
starts by analysing the primary glossary
of law (such as: right; source of law; interpretation).
PROBABILITY FOR FINANCE
Prof. Pio Andrea Zanzotto
Contents
Probabilty spaces. Random variables.
Some relevant probability distributions.
Principal limit properties for sequences
of random variables. Discrete-parameter
martingales: some important properties
such as: Convergence theorems; Doob
decomposition; Doob optional stopping
theorem; Martingale transforms.
Bibliography
- N.H. BINGHAM, R. KIESEL, Risk-Neutral